294 Chambers St APT 45El CajonCA92020
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in El Cajon at 294 Chambers St APT 45, El Cajon, CA, 92020 offers a 7.91% rental yield on a $375,000 purchase with $2,473/mo rent. Total monthly income registers $2,473/mo, and a $1,835/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,843/yr on $124,313 to close, and return on cash invested stands at 21.39% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 110.8% and total cumulative return in cash at $137,739. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,473/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92020, El Cajon, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,427 (100%) |
| Owner Occupied HU | 8,563 (38.2%) |
| Renter Occupied HU | 13,016 (58.0%) |
| Vacant Housing Units | 848 ( 3.8%) |
| Median Home Value | $859,223 |
| Average Home Value | $900,497 |
Housing Distribution
Address Breakdown
Residential
21,033
Single Family
13,921
Multi-Family
7,112
Businesses
2,417
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Listed by: Jenny Becasen • eXp Realty of Southern California, Inc.
Mls Name: SDMLS
Mls ID: #250045525